Commercial and Industrial Loans

Types of Business Loans

The Latin American Chamber of Commerce (LACC) loan packaging clients include start ups, early-stage companies and established businesses. The nature of the credit may be a new loan facility, a new round of financing or the re-structuring of existing debt.

The loan package is structured according to the type of loan selected and the application of loan proceeds, including:

Commercial or industrial term loans

Equipment financing

Revolving lines of credit

Commercial real estate including special purpose buildings

Restructuring of existing long or short-term debt

Under special financing considerations, a loan product may be designed to specifically meet the borrowing needs of a particular market segment. A prime example is OWN IT!

OWN IT! A 100% Financing Commercial Real Estate Loan Program

A 100% financing commercial real estate loan program designed for business owners meeting the following considerations:

Are currently renting the property where the business operates

Are interested in owning the property

Lack the 30% down payment required by banks for commercial real estate loans

This loan program allows the applicants to substitute paying rent with ownership in the property. The lender finances 100% of a commercial property’s appraised value. The loan amount can go up to 120% of the appraised value if the applicant also needs to finance the closing costs.

The lender will take a first position on the real estate and the business assets, even if it needs to refinance an existing loan in the business’ assets.

Borrower’s Eligibility Requirements

Type of Properties

General purpose: Commercial, industrial and mixed use properties

Special purpose: Restaurants, convenient stores, gas stations, etc.

Borrower’s Financial Condition

The applicant’s business’ financial condition must show a debt service ratio of at least 1.2 times for the past two years (existing plus proposed debt)

The business must show stable or improving trends in both revenues and expenses

The applicant or the business (or the two combined) must show a post transaction liquidity of at least $100,000

The loan’s guarantor must have a FICO Score greater than 680

Occupancy

The borrower must occupy at least 51% of the property’s square footage

Terms

Loan Amount: $300,000 to $5 Million

Amortization: 25 years

Rate: Prime plus 2.25% to 2.75%, Fixed for 3-5 years, then varies in relation to Prime